ShineMore Technology Materials Co (ROCO:8291) Cyclically Adjusted Revenue per Share: NT$35.05 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:8291 ShineMore Technology Materials Co Ltd ROCO:8291
34 GF Score
Price NT$41.00
GF Value NT$4.35
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is ShineMore Technology Materials Co Cyclically Adjusted Revenue per Share?

ShineMore Technology Materials Co ROCO:8291 +9.92% 34 Cyclically Adjusted Revenue per Share is NT$35.05 as of Mar. 2026. GuruFocus rates ROCO:8291 with a GF Score™ of 34/100 and a GF Value™ of NT$4.35 (Significantly Overvalued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

ShineMore Technology Materials Co's adjusted revenue per share for the three months ended in Mar. 2026 was NT$0.063. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is NT$35.05 for the trailing ten years ended in Mar. 2026.

During the past 12 months, ShineMore Technology Materials Co's average Cyclically Adjusted Revenue Growth Rate was -15.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -12.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -11.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of ShineMore Technology Materials Co was -10.30% per year. The lowest was -13.00% per year. And the median was -11.65% per year.

As of today (2026-08-06), ShineMore Technology Materials Co's current stock price is NT$41.00. ShineMore Technology Materials Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$35.05. ShineMore Technology Materials Co's Cyclically Adjusted PS Ratio of today is 1.17.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of ShineMore Technology Materials Co was 3.42. The lowest was 0.22. And the median was 0.43.


ShineMore Technology Materials Co  (ROCO:8291) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

ShineMore Technology Materials Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=41.00/35.05
=1.17

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of ShineMore Technology Materials Co was 3.42. The lowest was 0.22. And the median was 0.43.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


ShineMore Technology Materials Co Cyclically Adjusted Revenue per Share Related Terms


ShineMore Technology Materials Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for ShineMore Technology Materials Co's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ShineMore Technology Materials Co Cyclically Adjusted Revenue per Share Chart

ShineMore Technology Materials Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 59.14 54.66 48.52 42.45 36.27

ShineMore Technology Materials Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.22 39.72 38.41 36.27 35.05

ROCO:8291 vs APH, GLW, TEL: Cyclically Adjusted Revenue per Share Comparison

For the Electronic Components subindustry, ShineMore Technology Materials Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ShineMore Technology Materials Co Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, ShineMore Technology Materials Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where ShineMore Technology Materials Co's Cyclically Adjusted PS Ratio falls into.


ROCO:8291
34GF Score
ShineMore Technology Materials Co Ltd ROCO:8291
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ShineMore Technology Materials Co Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, ShineMore Technology Materials Co's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.063/330.2130*330.2130
=0.063

Current CPI (Mar. 2026) = 330.2130.

ShineMore Technology Materials Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 14.321 241.018 19.621
201609 14.314 241.428 19.578
201612 19.777 241.432 27.050
201703 23.011 243.801 31.167
201706 19.557 244.955 26.364
201709 15.451 246.819 20.672
201712 17.816 246.524 23.864
201803 19.111 249.554 25.288
201806 13.963 251.989 18.297
201809 12.707 252.439 16.622
201812 9.386 251.233 12.337
201903 8.420 254.202 10.938
201906 9.984 256.143 12.871
201909 10.691 256.759 13.749
201912 9.540 256.974 12.259
202003 8.156 258.115 10.434
202006 4.189 257.797 5.366
202009 3.770 260.280 4.783
202012 5.230 260.474 6.630
202103 4.525 264.877 5.641
202106 3.884 271.696 4.721
202109 3.937 274.310 4.739
202112 3.976 278.802 4.709
202203 3.044 287.504 3.496
202206 2.149 296.311 2.395
202209 1.597 296.808 1.777
202212 0.974 296.797 1.084
202303 1.104 301.836 1.208
202306 0.886 305.109 0.959
202309 0.568 307.789 0.609
202312 0.329 306.746 0.354
202403 0.336 312.332 0.355
202406 0.249 314.175 0.262
202409 0.033 315.301 0.035
202412 0.053 315.605 0.055
202503 0.022 319.799 0.023
202506 0.029 322.561 0.030
202509 0.053 324.800 0.054
202512 0.062 324.054 0.063
202603 0.063 330.213 0.063

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of NT$35.05 mean?
ShineMore Technology Materials Co (ROCO:8291) has a Cyclically Adjusted Revenue per Share of NT$35.05 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on ShineMore Technology Materials Co and its competitors.
Is ShineMore Technology Materials Co's Cyclically Adjusted Revenue per Share too high?
ShineMore Technology Materials Co's current Cyclically Adjusted Revenue per Share is NT$35.05. Overall, ShineMore Technology Materials Co has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ShineMore Technology Materials Co's Cyclically Adjusted Revenue per Share compare to APH and GLW?
ShineMore Technology Materials Co's Cyclically Adjusted Revenue per Share of NT$35.05 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Hardware company?
A good Cyclically Adjusted Revenue per Share depends on the Hardware industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on ShineMore Technology Materials Co and its competitors. ShineMore Technology Materials Co's current Cyclically Adjusted Revenue per Share is NT$35.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ShineMore Technology Materials Co stock overvalued right now?
Based on GuruFocus' analysis, ShineMore Technology Materials Co (ROCO:8291) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$4.35, compared to a current price of NT$41.00 — trading 842.5% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$35.05. ShineMore Technology Materials Co's overall GF Score™ is 34/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For ShineMore Technology Materials Co (ROCO:8291), the current Cyclically Adjusted Revenue per Share is NT$35.05 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ShineMore Technology Materials Co (ROCO:8291) Overvalued in 2026?

Based on GuruFocus' analysis, ShineMore Technology Materials Co stock appears to be overvalued. The current stock price of NT$41.00 is trading 842.5% above its estimated GF Value™ of NT$4.35. GuruFocus considers ShineMore Technology Materials Co to be Significantly Overvalued.

Key valuation signals for ROCO:8291:

  • Cyclically Adjusted Revenue per Share: NT$35.05
  • GF Value™: NT$4.35 vs. price of NT$41.00 (842.5% above fair value)
  • GF Score™: 34/100 with 6 warning signs

No single metric tells the full story. See the ROCO:8291 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ShineMore Technology Materials Co Business Description

Address No. 208, Binhai Road, Section 2, Dayuan District, Taoyuan, TWN, 33757
ShineMore Technology Materials Co Ltd is a company engaged in the manufacture, processing, and sales of copper-clad circuit laminate and adhesive films. Geographically, it derives a majority of its revenue from Taiwan and also has a presence in Japan. Its products include FR-4 CCL including Conventional FR-4 Material, Lead Free Material, Halogen Free(HF) Material, Low Flow Prepreg and Unclad FR-4 Material.
34GF Score

Get the complete analysis for ROCO:8291

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$41.00
Price
NT$4.35
GF Value